Semler Scientific buys $17M more bitcoin, plans to raise $150M for further purchases
Healthcare company Semler Scientific has announced plans to raise $150m to buy more bitcoin, following a $17m purchase of the cryptocurrency. Semler currently holds 828 bitcoins, acquired for $57m and now worth $59m. The company's CEO, Doug Murphy-Chutorian, said bitcoin was a "compelling investment" and "reliable store of value". Publicly listed firms hold a total of 308,442 BTC worth around $21.8bn on their balance sheets, according to bitcointreasuries.net. Semler's May announcement of a $40m bitcoin purchase drove its stock up 25%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IMX vs MPEPE: Here’s How Immutable X Investors Are Making Extra Profits For Investing Liquidity
Riot Platforms and Bitfarms reach settlement agreement to end acquisition bid
Bitfarms and Riot Platforms reach settlement agreement in takeover saga
Bitfarms and Riot Platforms have reached a settlement, potentially bringing an end to a takeover saga between the two Bitcoin mining firms.Under the terms of the deal, Riot is prohibited from acquiring more than 20% of Bitfarms without prior board approval.